The Tirana office of Wolf Theiss has advised the European Investment Fund on its EUR 25 million loan to Albania's Alpha Bank.
White & Case and Wolf Theiss have advised joint lead managers Barclays Bank PLC, BNP Paribas, Erste Group Bank AG, Raiffeisen Bank International AG, and UniCredit Bank Austria AG on OMV Aktiengesellschaft's EUR 1 billion bond issue — the largest Austrian corporate bond issue to date in 2019. OMV was advised by Weber & Co.
Wolf Theiss has advised Oberbank AG as the issuer of EUR 250 million of 0.75% ordinary non-subordinated eligible debt securities 2019-2026. Weber & Co. advised the banking consortium of Commerzbank Aktiengesellschaft, DZ Bank AG Deutsche Zentral-Genossenschaftsbank, Erste Group Bank AG, and Raiffeisen Bank International AG that coordinated the bond placement.
The number of electric vehicles in Hungary is rising. In response to this, the National Building Regulation of Hungary (OTEK) has established new requirements for the provision of recharging points, with a January 1, 2019 deadline. Although these new rules have had some visible results, there is significant delay in establishing full compliance. Those who fail to meet the requirement may anticipate the imposition of penalties.
As a first-generation lawyer I did not have a profound career perspective when I graduated from law school in the early ‘90s. I saw a job ad in a newspaper – “International law firm looks for junior lawyers” – and even though I had no clue what an “international law firm” was, I had nothing to lose, so I thought it would be worth seeing how a real job interview worked. In the end I was selected and I decided to stay … and I have never regretted that decision.
Wolf Theiss has signed the Beijing Declaration to cooperate with China's Belt & Road Connection think tank to support Chinese Investments in Austria and its CEE/SEE neighbours. The Belt & Road declaration was signed on April 25, 2019 and describes the cooperation principles regarding infrastructure investment and dispute settlements. It coordinates Chinese investments along the Belt & Road from Poland to Ukraine and Albania.
Bulgaria, it seems, is in good shape. Fueled by a buoyant tech sector, the country’s economy is registering impressive growth, incomes are rising, and unemployment is down. Still, with corruption still a problem and the prospect of a global slowdown around the corner, few are willing to bet on the good times sticking around long. As always, in the Land of Roses, the thorns are not far away.